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$ 324,500
Est. payment /mo
New
5632 S Wabash AVE Chicago, IL 60637
6 Beds
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12628139
Bedrooms 6
Year Built 1895
Annual Tax Amount $7,662
Tax Year 2024
Lot Size 3,920 Sqft
Lot Dimensions 4025 SF
Property Sub-Type Two to Four Units
Property Description
Ask your broker about terrific grants available! The property is eligible for up to $15,000 in assistance and a home warranty. Welcome to this well-maintained two-unit brick building offering expansive layouts, soaring ceilings, and three spacious bedrooms with one full bathroom in each unit. The upper unit benefits from an oversized layout, with particularly generous bedroom sizes created by the extended stairwell, while both units offer excellent functionality and comfort. The lower unit has previously operated as a successful short-term rental, generating approximately $24,000 annually while being utilized only half of the year. Recent improvements by the current owners include the addition of in-unit laundry in both residences and a fully cleared basement, providing a strong foundation for a potential future garden unit. Both units feature re-stained hardwood floors, with kitchens and bathrooms in superb condition and move-in ready. The property is well suited for an owner-occupant seeking rental income or as a full investment opportunity. The area is poised for continued appreciation, supported by significant nearby development, including multi-billion-dollar investments such as the Obama Presidential Library in adjacent Woodlawn. Previous buyer got cold feet prior to inspection.
Location
State IL
County Cook
Area Chi - Washington Park
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Community Features Sidewalks, Street Lights, Street Paved
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Storm Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Cody Shipp of Baird & Warner
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